18 October 2017
visit www.response.ncr.com

FinancialOxygen adds Fed Funds and Eurodollars

28 March 2002  |  612 views  |  0 online bid

FinancialOxygen has launched a new online exchange enabling major banks, dealers and other financial institutions to trade Fed Funds and Eurodollars.

The new DealerOxygen trading platform streamlines trading through an electronic system that not only matches the best bid and offer, but also electronically captures transaction data and facilitates straight-through processing to each institution's system of record.

The Internet-based platform enables traders to see the complete Fed Funds and Eurodollar markets - both bid and ask - by size in one location. Participants can also view trade history online. Traders can then execute with multiple counter-parties in seconds, from their desktop computer.

DealerOxygen currently has about 50 participating institutions, including seven of the top 10 US banks.

Robert Oxenburgh, chief executive officer of FinancialOxygen, claims: "DealerOxygen will fundamentally change the trading of Federal Funds and Eurodollars by lowering transaction costs, introducing transparency, and increasing speed of trade execution and processing."

He adds: "DealerOxygen is a natural extension of our technology platform and is consistent with our strategic objective of offering multiple distribution channels to financial institutions."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

FinancialOxygen and TPG implement online bond accounting

FinancialOxygen and TPG implement online bond accounting

22 March 2002  |  702 views  |  0 comments
FinancialOxygen signs up four more banks

FinancialOxygen signs up four more banks

07 March 2002  |  1823 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15146 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8362 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7866 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7294 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6446 views comments | 8 tweets | 16 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job